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Jan 2016: Twitter’s top management just announced a massive exodus... on Twitter

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That's a lot of executives to leave all at once. 

The company also plans to appoint new board members and a “high-profile” marketing manager, the New York Times reported, part of co-founder Jack Dorsey’s corporate-wide shakeup since he rejoined the company as CEO last year. The company’s “executive team” is now down to five people plus Dorsey after the departures.

The exodus comes just after Twitter’s share price hit a record low last week.

The company’s massive IPO in 2013 was followed by several money-losing quarters and failed attempts to reach more users. Twitter’s penetration rate in the US is still below 20% of the population, and it isn’t expected to hit that figure for more than a year. Investors are increasingly bearish about its money-making prospects.

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